3 ms·
We don't know that the rust belt would have been better off if there had been tariffs.
by richardwhiuk 10y ago
We don't know that the rust belt would have been better off if there had been tariffs.
- cuchoi 10y agoThere is academic research documenting the impact of trade agreements on the labor market. The main take away is that on average the welfare gains are huge, but not everybody is better of. Still, if you do not believe in the impact of tariffs, the point still stands for other types of protectionism.